Joyou AG / Key word(s): Miscellaneous 15.06.2011 23:04 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Frankfurt am Main, 15 June 2011. The major shareholders of the company, Mr. CAI, Jianshe and Mr. CAI, Jilin, both members of the executive board of Joyou AG, have as envisaged in their declaration of intent dated 14 February 2011 signed a long-term partnership agreement with Grohe Holding GmbH according to which Mr. CAI, Jianshe and Mr. CAI, Jilin contribute 28.6% of their respective shares in Joyou AG into Grohe Asia AG against an issuance of new shares representing 49.99% of Grohe Asia AG. After execution of the shareholder agreement, Grohe Asia AG will hold 57.2% of Joyou AG. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: About Joyou Joyou (ISIN DE000A0WMLD8, WKN A0WMLD, Ticker Symbol JY8) designs, produces and sells faucets and other sanitary ware products in China under its brand name 'Joyou' and is also engaged as a OEM/ODM-manufacturer for international brands and trading companies in the United States and Europe as well as other emerging markets. In 2010 Joyou was one of the leading single-brand manufacturers of bathroom, kitchen and other faucets in China in terms of revenues (according to BSRIA's China Bathroom Study 2011). Joyou has established an extensive distribution network in China with 3,677 retail points of sales as of 31 March 2011. Joyou's operating facilities are based in Nan'an near Quanzhou in Fujian Province in China. Joyou's nine main product groups sold in its own brand business are Bathroom Faucets, Kitchen Products, Shower Products, Ceramics and Bathtubs, Bathroom Cabinets, Bathroom Accessories, Other Faucets and Sanitary Hardware, Copper and Semi-Finished Components, Grohe Business. In 2010, Joyou realised group revenues of EUR 246.6 million, an operating profit (EBIT) of EUR 43.7 million and a net profit of EUR 33.2 million. Disclaimer concerning prognoses This communication contains forward-looking statements. Forward-looking statements are statements that are not historical facts instead they reflect Joyou's current views and expectations and the assumptions underlying them about future events. Forward-looking statements are subject to many risks and uncertainties. If any of such risks and uncertainties materialize or if the assumptions underlying any of Joyou's forward-looking statements are proving to be incorrect, Joyou's actual results may be materially different from those expressed or implied by such forward-looking statements. Joyou does not intend or assume any obligation to update these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made. For further information, please contact: Joyou AG Westhafentower, Westhafenplatz 1, 60327 Frankfurt am Main Ian M Oades, tel.: +49 69 710 456 346 or +86 595-8618 8883, ir@joyou.net Kirchhoff Consult AG Jens Hecht, tel.: +49 40 60 91 86 0, jens.hecht@kirchhoff.de or visit the company website at: http://www.joyou.com 15.06.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Joyou AG Westhafentower, Westhafenplatz 1 60327 Frankfurt am Main Deutschland Phone: Fax: E-mail: ir@joyou.net Internet: www.joyou.de ISIN: DE000A0WMLD8 WKN: A0WMLD Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Joyou AG: Shareholder Agreement signed
| Source: EQS Group AG